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Technology Stocks : VALENCE TECHNOLOGY (VLNC) -- Ignore unavailable to you. Want to Upgrade?


To: kolo55 who wrote (14843)9/26/1999 8:02:00 PM
From: Pallisard  Respond to of 27311
 
Excellent presentation, Paul. Thanks for the organized data-keeping and analyses; I'm sure it was very time consuming.



To: kolo55 who wrote (14843)9/27/1999 1:30:00 AM
From: P. Ramamoorthy  Read Replies (1) | Respond to of 27311
 
Paul,
Thanks for the analysis. I too wondered who the seller was last two weeks and why the short covering did not occur soon after the news of CC conversion. Strange trading, it was for CC to go after these small gains. A remarkable thing about this stock is that longs seem to be steadfastly holding tight. Next couple of weeks should be interesting to see whether short covering will occur, in the absence of CC's shares! Ram



To: kolo55 who wrote (14843)9/28/1999 1:04:00 AM
From: Larry Brubaker  Read Replies (1) | Respond to of 27311
 
Paul, you must have been on your high school debate team. You've gone from arguing that Castle Creek would not and could not be shorting, to arguing they must short.

<<Its pretty clear now that CC must have a policy requiring them to not hold unhedged long positions. They have to sell, or hedge long positions as fast as they are permitted.>>

Now if they had such a policy, why did they do the months of due dilligence that you made such a big deal of several months ago? If they simply had a policy to immediately hedge all profitable positions, little due dilligence is necessary before taking a position.